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Level 2
March 10, 2023
Question

RMD

  • March 10, 2023
  • 1 reply
  • 2 views

What are the rules regarding a IRA to Roth IRA  conversion.  Limits?  Do I need earned income?

 

Will a IRA to Roth IRA  conversion count towards an RMD?

 

Is a Roth IRA subject to RMD?

    1 reply

    fanfare
    Level 15
    March 10, 2023

    you must take 100% of an RMD first, before any conversion.

    Otherwise, you will be in trouble.

    Level 15
    March 10, 2023

    In addition to the requirement that the RMD be completed first, the RMD itself is not permitted to be converted to Roth.

     

    Your Roth IRAs are not subject to RMDs.